Allsec Technologies Limited has informed the Exchange that the Board of Directors in its made the following allotments of shares and warrants to the First Carlyle Ventures, Mauritius as per the details below :-
Name of the Allottee : First Carlyle Ventures Mauritius;
No. of Shares : 30,21,685 equity shares of Rs.10/- each at a premium of Rs.250/- per share; No. of Warrants : 1,60,728 warrants, each warrant convertible into one equity share of the Company at a conversion / exercise price of Rs.260/- per resultant equity share.
It is 20% full equity and 1% as warrants
Going ahead it seems Promoters would hold about 31%, and Probably Carlyle will end up holding 35 or 40%.
The promoters feel, " However Carlyle's fund has shown good incentives for us to run the company. For the next four years, we are pretty much on the win side for the company and we will be part of the management team running the company. "
It is confirmed that carlyle will take 30% of allsec and in the future it might outsource a portion of its work to allsec
Short to medium term( 3 months ) target 300+ .Have an eye on it.
Thursday, August 24, 2006
Monday, August 21, 2006
With the news of certain American Hedge Funds taking position in the stock with reasonings like , " Syngenta in Switzerland is a big company trading at PE of 20-21. In India, one can buy at the component at PE of 8-9. If one sees the growth prospectus in India, there is a lot of potential." there seems to be lot of genuine buying interest coming into the counter.
Also on the valuation based on peer performance basis shown below we beleive that SYNGENTA deserves a re-rating.
Company Sales (rs cr.) PAT (rs cr.) Market Cap (rs cr.)
Novartis 525.30 107.89 1,518.26
Monsanto 378.90 76.78 1,357.84
Syngenta 767.13 80.22 977.99
Bayer Cropsc 679.05 37.15 581.42
Sunday, August 20, 2006
TITAGARH INDUSTRIES :
this Calcutta co is promoted by the Choudhry family.Recently ChrysCapital took a 10% stake in another company( Titagarh Wagons) owned by the same promoters paying in the region of $10-15 million.
This is not the first strategic investment in TWL, which plans to go public in 3-9 months.
Another private equity firm and a hedge fund already hold about 14 per cent stake in the company. According to Mr JP Chowdhary, Chairman of TWL, it has charted out an aggressive growth plan involving an investment of about Rs 100 crore. "Our plans include setting up a greenfield facility and we are also looking at acquisitions in both India and overseas."
Hence with TITAGARH WAGONS IPO hitting the market we expect Titagarh Ind to reap windfall gains , owing to the cross-holdings.
GEODESIC INFORMATION SYSTEMS:
all set to cross Rs 200 in the medium term. Have an eye on it